Approval under section 35(1)(ii) tax exemption: institution granted status subject to separate research accounts and annual reporting. Gandhi Memorial Leprosy Foundation, Hindi Nagar, Wardha, is approved as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act for 1 4 1990 to 31 3 1991, subject to: maintaining a separate account for scientific research receipts; furnishing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income tax (Exemptions) by 30 June each year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) tax exemption: institution granted status subject to separate research accounts and annual reporting.
Gandhi Memorial Leprosy Foundation, Hindi Nagar, Wardha, is approved as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act for 1 4 1990 to 31 3 1991, subject to: maintaining a separate account for scientific research receipts; furnishing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submitting audited annual accounts to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income tax (Exemptions) by 30 June each year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.